Tishman Speyer announced it has completed the purchase of Tour Pacific, a 570,000-square-foot (53,000 sq m) office building in Paris, France. The property, located in the La Defénse business district, was acquired from Ivanhoe Cambridge.
The acquisition expands Tishman Speyer’s already large portfolio in the region, which now includes 12 buildings totaling approximately 4.4 million square feet (415,000 sq m). Among them is Tour Esplanade, which is adjacent to Tour Pacific. Tour Esplanade is fully leased to the French government, following the signing of 2012’s largest lease in Paris.